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Analyze the ways financial information is used in health care organizations. I need help writing (about 300 words) over the ways financial information is used

Analyze the ways financial information is used in health care organizations.

I need help writing (about 300 words) over the ways financial information is used in health care organization. I have added some information below that needs to be added into this. Thank you. Please no copy and paste answers.

Objective 3.1: Describe ways financial information is used in health care organizations.

  1. Financial information is vital to help health care facilities and providers make decisions with regard to forecasting, budgeting, and planning for capital spending, having sufficient cash flow, and making short- and long-term strategic decisions
  2. Financial data can be used for staffing plans and new products and services launches
  3. The numbers in financial statements are not very useful unless we study their trends over time and their relationships with other numbers in the same set of financial statements
    1. Perform types of analyses on the financial statement numbers
    2. Two commonly used analyses are horizontal and vertical analysis

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